Solar Power Purchase Agreements (PPAs)
A power purchase agreement is a type of solar financing where someone else owns the solar system on your property, and you pay for the power it produces.
Historically this was only done on large commercial systems over 100 kW in size. Since it’s a monthly charge for electricity, the economics are very simple to evaluate, and if it’s cheaper than your electric bill then it’s a no brainer. This made power purchase agreements very popular.
SunRun has taken this model and made it house-sized, bringing the same benefits of power purchasing agreements to homeowners. 1BOG has partnered with SunRun in some areas, so you can get 15% off the cost of solar panels for your home in addition to ppa financing.
One Block Off the Grid + SunRun
One Block Off the Grid has an ongoing partnership with SunRun, the nation’s largest residential solar electricity provider, to provide solar PPA financing in some parts of the country.
We chose SunRun because they remove the sticker shock of going solar, as well as take care of your system for you, so it’s hassle-free. There’s not another company out there that lets you lock in a low rate for solar electricity and also includes comprehensive system maintenance, insurance, and monitoring for the long term at no additional cost. So we thought they were pretty cool.
So How Does it Work?
- You sign up with One Block Off the Grid in the normal way for our group discount and vendor selection process.
- When the program starts in your city, if SunRun is available in your campaign area you can choose between purchasing a solar system or SunRun’s service option.
- If you choose SunRun financing, they buy your solar system for you, and you pay for the power it produces.
- SunRun maintains, insures, and monitors your solar system so you never have to worry about it.
SunRun has two options. Both include maintenance, repairs and insurance:
- SunRun Power Plan - Pay as low as a $1000 dollars upfront, and a low fixed rate every month for your electricity.
- SunRun Total Solar - Pay more upfront and eliminate your monthly electricity bill. It’s similar to a purchase, but you’ll get the full value of the Federal Tax Credit immediately.
